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Lutein Market worth $488 million by 2028 - Exclusive Report by MarketsandMarkets™
Powdered lutein offers versatility in its application. It can be easily blended with other ingredients, making it suitable for use in a wide range of products, such as dietary supplements, functional foods, and beverages. This versatility makes powdered lutein appealing to manufacturers who want to incorporate lutein into their formulations. Whereas, crystalline lutein may have a higher demand in certain specialized applications. For example, in the production of lutein esters, crystalline lutein is preferred due to its purity and ability to form ester bonds. Industries requiring lutein esters for specific formulations or products may drive the demand for crystalline lutein.
Lutein is often added to functional beverages that aim to provide health benefits beyond basic hydration. Its antioxidant properties make it a valuable ingredient for products targeting eye health, skin health, and overall well-being. Lutein-fortified beverages can include juices, smoothies, and nutritional drinks. Lutein's vibrant yellow color makes it suitable as a natural colorant in beverages. It can be used to enhance the visual appeal of products such as fruit juices, energy drinks, and carbonated beverages, replacing artificial food colorings. With the growing demand for clean labels and natural ingredients, lutein serves as an attractive option for manufacturers.
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Asia Pacific countries, particularly China and India , have well-established agricultural sectors and a strong supply chain infrastructure. These countries have the capability to cultivate lutein-rich crops and process them for various applications. This production capability, coupled with efficient supply chain networks, enables Asia Pacific countries to meet the growing demand for lutein both domestically and internationally, giving them a competitive advantage in the market.
Key players in the market are focusing on new deals and product launches. For example, Kemin Industries, Inc. (US) has expanded its distribution agreement with Diethelm Keller Siber Hegner (DKSH) to include distribution for Kemin Food Technologies - Asia in the Philippines and Indonesia .
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